Foxconn workers reportedly stole US$43 million worth of iPhone parts to make new phones
The parts for Apple’s iPhone 8 and iPhone X series handsets were said to be defective and set aside for destruction
The report quoted an insider that said that the iPhone components were set aside for destruction, but they wound up being resold by employees at Foxconn’s factory in Zhengzhou, allegedly raking in US$43 million. Factory production lines inevitably have some defective components, usually ranging from 3 to 5 percent, the report said. The affected phones include iPhone 8 and iPhone X series, according to the source.
Foxconn told Abacus in a statement that as a matter of company policy, it doesn’t comment on any aspect of work for any customer. However, it did say the company has a strict code of conduct and that it won’t hesitate to act against violations.
Apple did not respond to requests for comment.